Pakistan: Chili And Pepper Market 2024

Chili And Pepper Market Size in Pakistan

In 2023, after two years of growth, there was significant decline in the Pakistani chili and pepper market, when its value decreased by X% to $X. In general, consumption showed a sharp setback. Chili and pepper consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Chili And Pepper Production in Pakistan

In value terms, chili and pepper production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

The average yield of chilies and peppers (green) in Pakistan amounted to less than X kg per ha in 2023, leveling off at 2022 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of chilies and peppers (green) production in Pakistan totaled less than X ha, remaining stable against the year before. Overall, the harvested area saw a relatively flat trend pattern.

Chili And Pepper Exports

Exports from Pakistan

Chili and pepper exports from Pakistan surged to X tons in 2023, growing by X% compared with the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, chili and pepper exports skyrocketed to $X in 2023. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for chili and pepper exports from Pakistan, with a X% share of total exports. Moreover, chili and pepper exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2015 to 2023, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

In value terms, Qatar ($X) remains the key foreign market for chilies and peppers (green) exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2015 to 2023, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the average chili and pepper export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced a decline.

Chili And Pepper Imports

Imports into Pakistan

Chili and pepper imports into Pakistan contracted markedly to X tons in 2023, waning by X% against 2022. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports contracted sharply to $X in 2023. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Afghanistan (X tons) constituted the largest supplier of chili and pepper to Pakistan, with a X% share of total imports. Moreover, chili and pepper imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume from Afghanistan amounted to X%.

In value terms, the largest chili and pepper suppliers to Pakistan were Afghanistan ($X) and Iran ($X).

In terms of the main suppliers, Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2023, the average chili and pepper import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Afghanistan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform